Genx Take on Current Events

[lsvet]

I say for those who voted for him they can pay for the CHANGE & HOPE they wanted and leave us who didnt vote for that communist us alone!!

[bluejay]

I guess I need to buy another 5 million Dinar to compinsate for US Tax-machine.

[wess144]

Thanks for the post.

[ronscarpa]

Since the link was corrupted - here's it's contents

GENX's Take on Current Events..... POSTED By: Dinars4Jesus in Dinar Rumors

--------------------------------------------------------------------------------

This information was forwarded to us from another site and posted here by permission of GENX...............

Frank: In Spring of 2009, I posted a post on the KTF forum about my experiences while presenting a Business Plan to two major USA Banks where I have had accounts for 20 or more years, both loan accounts and checking accounts. I reported that the banks could not help me as they were under direct orders from the US Treasury to not discuss anything to do with the Dinar.

After a some what heated discussion about me being viewed by the US Treasury as a criminal for buying Dinar from a Terrorist State. I asked where they got this misleading information and after much discussion the VP I was talking to summoned the President of the bank and he brought with him two letters from the US Treasury stating why they were taking the position they were taking. These two letters as I reported at the time stated any employee discussing the Dinar would be considered a Criminal and face a $250,000. fine and up to 12 years in the pen.

I knew at that time the Obama Administration were plotting to control the RV of the Dinar which they have done for the past 18 months using the Dinar to beat Iraq into acting on paying a debt imposed on Iraq for Saddams invasion of debt ignoring the fact that Kuwait and Saudi Arabia had been stealing Iraq's oil for many years under a joint share for drilling in the border areas. I am not sanctioning Saddams action but it is time for the rest of the story.

After the Obama regime took office and discovered how much Dinar was being sold and held by Americans they set out to delay the Iraqi's need to RV until they could legally increase the Treasury's take in taxes. The uproar and unconstitutional action brought forth in "Obama Care" set the stage for a legal rape of the Dinar investors in this country. We should now see a RV take place with the increase in the top individual tax rate from 35% with to 43% and a surcharge of 5%. All of the new FAT CATS will be the new losers in other words you and I.

You will find your new tax rate approaching 50%. Also currency exchange profits along with interest on savings will be taxed as ordinary income. This train wreck called Obama Care has just cost you half of what you have sacrificed for the past six years and it does not stop there as the health care part of this bill does not start until 2014. So they now tax you at the new rate for 4 years; so every bit of interest you earn will be taxed on the increased rate. Ladies and Gentlemen welcome to The Socialist State of America. No bitter grapes here just facts as I have enough Dinar to survive but some of you do not. BUT at least now we will see the RV in the next few days. GenX.

[Mr. Phonics]

The link had to be removed because of some "joker." It would not of taken you where you wanted to go.

[Jmoney]

I have no reason to doubt any of this, but my question is would this tax go into effect that quickly? I'm not saying it isn't possible, I just don't know much about this sort of thing.

[inmemoryofrob]

food for thought. I throw up a little everytime I think of how our liberties are going down the drain!

[DmsC]

Well, the federal tax rate upper bracket is 35% as it has been in 2007, 2008, and 2009. On top of that, most people have state taxes as well, some maybe even local taxes, so you do the math. If you get a good accountant, you can probably reduce your tax liability somewhat. I didn't say you would pay 50%, I just said you should be prepared for whatever your effective rates will be.

No income tax increase bill has been passed by congress. The healthcare bill does not raise income tax rates for 2010. Or for 2011, or 2012-2014+ for that matter.

In 2013, the medicare taxes taken out of your paycheck will be increased to 2.35% from 1.45% on individuals who make more than $200,000 per year or couples making over $250,000. A 3.8 percent tax will be added to certain types of investment income for the same group.

http://www.taxfoundation.org/news/show/26037.html

http://www.factcheck.org/2010/03/a-final-weekend-of-whoppers/

http://www.fivecentnickel.com/2010/03/22/inside-the-patient-protection-and-affordable-care-act-what-healthcare-reform-entails/

http://www.nytimes.com/2010/03/22/your-money/health-insurance/22consumer.html

That's what my research has found. If anyone else has some factual information (not talking points) that says the upper tax bracket is going to be hiked by 8% in 2010, then please provide me with your sources. Look, I don't consider myself associated with any political party and I'm not saying the healthcare legislation is wonderful or terrible. I just like to try and find reliable unbiased factual information rather than listening to the talking heads and propaganda campaigns at work from both sides.

Sorry if I came across to strong but what I really meant was how can anyone be "okay" with paying the govt 50% of anything I have a hard time with 35% and thank God I live in a state with no state income tax.

[DmsC]

Oh I'll blame you...Obama is no prize but you supported that Alaskan Dingbat! What a choice that was! Talk about a no win situation!

This statment shows the depth of knowledge for govt. It is like me saying DARN YOU BIDEN!!! PALIN was going to be a VP not the President just so you know this.

Oh yeah has anyone seen the video of Al Sharpton saying that the people of America wanted socialism that is why they voted for Obama.

It was on the hannity program.

[ronscarpa]

The link had to be removed because of some "joker." It would not of taken you where you wanted to go.

Phonics, Thanks for the update - I did see the snide remark. When I was reading the post elsewhere, it simply stated ERROR: page not found.

[Jac]

This statment shows the depth of knowledge for govt. It is like me saying DARN YOU BIDEN!!! PALIN was going to be a VP not the President just so you know this.

Oh yeah has anyone seen the video of Al Sharpton saying that the people of America wanted socialism that is why they voted for Obama.

It was on the hannity program.

I actually was watching the news when Sharpton was interviewed, my eyes shot to the TV from the kitchen and I said, "What?, now he speaks for all of America, OMG"!

[bababooey41]

I don't know about "Baby Huey" or "mirrors" but apparently yours is the only opinion that seems to matter so....whatever you say buddy.

[Charlie Echo]

New Zealand is looking better & better.

Not only are they trying to tax us, but they have just put us under a "soft Tyranny" state. Unconstitutional ? Absolutely, I will not be someone that will lay down and take it. I will opose this in a legal, civil (as much as they are) manner. Who will be the new police agency for the enforcement of collecting this...The IRS. Good luck my fellow citizens of this once great Republic that was established for our freedoms of democracy. Here is a quote for everyone to consider.... The democracy will cease to exist when you take away from those who are willing to work and give to those who would not.

Thomas Jefferson

[Dryden01]

If we accept the idea that the Obama Administration can influence the timing of an Iraqi RV/RI then it must also occur to investors that the administration may push the dinar change into 2011 to get at the higher rates for capital gains instead of the lower 2010 rates.

[Jac]

Not only are they trying to tax us, but they have just put us under a "soft Tyranny" state. Unconstitutional ? Absolutely, I will not be someone that will lay down and take it. I will opose this in a legal, civil (as much as they are) manner. Who will be the new police agency for the enforcement of collecting this...The IRS. Good luck my fellow citizens of this once great Republic that was established for our freedoms of democracy. Here is a quote for everyone to consider.... The democracy will cease to exist when you take away from those who are willing to work and give to those who would not.

Thomas Jefferson

Any budding true American candidates for the US Congress here

willing to represent WE THE PEOPLE?

[tj34]

I don't know GenX or have ever seen a post from this person, but doesn't this sound little bit more like anti-Obama propaganda and less like actual fact on being taxed on dinar... just curious.

sure sparked up some political debate in here

[inheritance]

Your out of your mind if you cant see it with out FOX!

[Phoenix]

March 23, 2010

" the IRS will need to hire between 11,800 and 16,500 new agents to enforce the bill."

IRS to Hire Thousands of Armed Tax Agents to Enforce Health Care Laws

Top IRS officials have been working with Democrats on Capitol Hill to determine how the agency will enforce President Obama’s new health care law. Republican lawmakers estimate the legislation will require the hiring of many thousands of new tax enforcement agents.

While it’s still not known exactly how many will be hired, here’s what’s clear: Under the new law, the IRS is required to fine taxpayers thousands of dollars if they do not purchase health insurance. In order for the government to enforce compliance, tax authorities will need information, for the first time, about people’s health care. Collecting that data will require more IRS personnel.

Consider what has happened in Massachusetts, which passed a similar health care bill in 2006. To enforce the individual mandate, the state’s Department of Revenue asks filers what kind of insurance they have, as well as details like whether their “sincerely held religious beliefs” are moving them to petition for an exemption from the requirement.

The form also asks workers whether their employer gives them “affordable” coverage, forcing some employees to decide between tattling on their workplace and submitting false information to tax agents.

Critics have slammed the new federal mandate for its harsh consequences (failing to buy health insurance could land you in jail) and have raised constitutional questions about its legality. And they point to the Obama administration’s recent efforts to ramp up IRS audits, especially of small businesses, as evidence that the mandate is likely to prove more onerous than previously thought.

The Obama administration’s plan to increase audits is in line with a long-term agency goal of ending the “tax gap,” bureaucratese for the amount of uncollected taxes each year. In 2001, the IRS estimated the gap at around $300 billion.

Critics call the agency’s estimates dubious and fear the tax agency will overreach in its efforts under Obama, who launched a tax task force last year in part with the goal of collecting more revenue.

A July 2009 report from the agency says the IRS is going to “increase audit coverage and better target returns for examination” including focusing on Schedule C audits that often target small businesses and the self-employed.

The document also says tax agents will share details with state enforcement agencies to increase enforcement efficiency.

To examine more Americans’ tax filings, Obama is proposing more money for the agency. His latest budget proposes “over $8 billion in the Internal Revenue Service’s enforcement and modernization programs” to support “significant new revenue-generating initiatives that will target critical areas of non-compliance.”

The administration’s plans are exacerbating concerns of some critics with the health care bill’s mandate, in part because it will require a veritable new army of enforcement agents.

A March 18 report from House Ways & Means Committee Republicans estimates the IRS will need to hire between 11,800 and 16,500 new agents to enforce the bill.

The report slams the bill’s “plans to grant massive new powers to the IRS, backed up by billions of dollars in additional taxpayer fund for the hiring of thousands of new IRS agents, examiners, and other personnel.”

AND REMEMBER ...

Exclusive: IRS hires "hundreds" for New Wealth Unit

Friday Dec 11, 2009

IRS high-wealth unit to focus on business entities

WASHINGTON (AFP) - A new Internal Revenue Service unit set up to catch rich tax cheats hiding their wealth in complex business entities is rapidly taking shape with the hiring of hundreds of employees.

The IRS high wealth unit, part of a broader effort to combat international tax evasion, is focusing on "the entire web of business entities controlled by a high wealth individual," IRS Commissioner Doug Shulman told a tax conference this week.

Another IRS official told reporters "hundreds" of people have already been hired to staff the new unit, including some from within the agency.

"We have drawn top talent within the IRS that have expertise involving wealthy individuals as well as examination of their related entities," said Mae Lew, an IRS special counsel.

The high-wealth unit is focusing on trusts, real estate investments, privately held companies and other business entities controlled by rich individuals.

While use of sophisticated legal structures can be legal, in other instances they "mask aggressive tax strategies," Shulman said.

Tax authorities in Japan, Germany and the UK have also created similar units.

The U.S. House of Representatives on Thursday approved a $387 million boost for the IRS for the fiscal year that started October 1, in part to fund the high-wealth unit.

The Senate is expected to vote on the measure on Sunday.

NEW GLOBAL FOCUS, JOINT CORPORATE AUDITS

The IRS is also opening new criminal offices in Beijing, Panama City and Sydney to focus on funds flowing out of Europe and into Asia, in part because of a heightened focus on international enforcement in Europe.

The goal is to get those up and running during this fiscal year, which ends September 30, according to Barry Shott, IRS deputy commissioner for international issues for large and midsized business.

At the center of the agency's offshore effort is its legal cases against Swiss banking giant UBS AG. UBS agreed to turn over nearly 5,000 names of individual American clients and paid $780 million to settle a criminal case for aiding tax evasion.

The IRS has also begun initial steps to join forces with other governments to scrutinize corporate tax filings to prevent "tax arbitrage" by companies seeking the best regime.

President Barack Obama has proposed tightening tax rules for U.S. multinationals, including one in which companies delay paying taxes on income earned offshore, a legal practice known as deferral that officials say is abused.

Some tax practitioners expressed worry about such coordination.

"With any new thing, you never want to be the guinea pig," Mary Lou Fahey, general counsel for the Tax Executive Institute, comprised of business executives, said.

Shott said a likely scenario will likely be two countries getting together and decide to examine a narrow issue. In the beginning it will operate like a pilot program where the corporation examined would agree to take part.

"With rare exception ... the taxpayer will absolutely know they are subject to a simultaneous examination," Shott said.

Still, he said there could be cases where the audit needs to be kept quiet, such as when a criminal probe is ongoing.

Initial partners would likely include Canada, the UK and Australia, Shott said.

http://www.reuters.com/article/idUSTRE5BA45320091211

Exclusive: IRS hires "hundreds" for New Wealth Unit

http://articlesofinterest-kelley.blogspot.com/2010/03/irs-to-hire-thousands-of-armed-tax.html

[Jac]

I don't know GenX or have ever seen a post from this person, but doesn't this sound little bit more like anti-Obama propaganda and less like actual fact on being taxed on dinar... just curious.

sure sparked up some political debate in here

I do not think it is so much political debate but more like a family (a family of US Citizens) at the breakfast table brainstorming to find solutions to the current poblems in our country and our communities. I think it was Plato who said,

"One of the penalties for refusing to participate in politics is that you end up being governed by your inferiors." Do you think?

[Jac]

Phoenix, thank you for posting this!! Like I mentioned...it was Plato who reminded us..

"One of the penalties for refusing to participate in politics is that you end up being governed by your inferiors." Do you think?

[zoomzoom]

Unfortunately most of the idiots that voted him in still believe they did the right thing. Its fine for them that others have to pay whether they like it or not. I moved from Canada to get away from this type of bull. Here we go again

[NotReallyTex]

Any budding true American candidates for the US Congress here

willing to represent WE THE PEOPLE?

I would love to be a politician and represent the people.

But I am afraid they wouldn't let me cause of my friends

[willow]

I always figured we would pay 40% some way or another...but 50% plus if you live a tax state....dang!

[willow]

Not only are they trying to tax us, but they have just put us under a "soft Tyranny" state. Unconstitutional ? Absolutely, I will not be someone that will lay down and take it. I will opose this in a legal, civil (as much as they are) manner. Who will be the new police agency for the enforcement of collecting this...The IRS. Good luck my fellow citizens of this once great Republic that was established for our freedoms of democracy. Here is a quote for everyone to consider.... The democracy will cease to exist when you take away from those who are willing to work and give to those who would not.

Thomas Jefferson

Might need to find a better person to quote them Thomas Jefferson:

Jefferson was the first President to propose the idea of a formal Indian Removal plan. Jefferson's first promotions of Indian Removal were between 1776 and 1779, when he recommended forcing the Cherokee and Shawnee tribes to be driven out of their ancestral homelands to lands west of the Mississippi River. This was called the Trail of Tears...thousands of indian's died! and the Cherokee had to walk it in chains!

His first such act as president, was to make a deal with the state of Georgia that if Georgia were to release its legal claims to discovery in lands to the west, then the U.S. military would help forcefully expel the Cherokee people from Georgia. At the time, the Cherokee had a treaty with the United States government which guaranteed them the right to their lands, which was violated in Jefferson's deal with Georgia. Jefferson's original plan was for Natives to give up their own cultures, religions, and lifestyles in favor of western European culture, Christian religion, and a sedentary agricultural lifestyle.

After what Jefferson did to the American Indian's that were HERE first....make you wonder what's in store for the "American" people now with everybody that been elected to Washington....Jefferson or Obama...both cut from the same cloth, just be careful when the government hands you a blanket it might have small pox in it, oh wait that's the new health care bill...JMO

[tj34]

I do not think it is so much political debate but more like a family (a family of US Citizens) at the breakfast table brainstorming to find solutions to the current poblems in our country and our communities. I think it was Plato who said,

"One of the penalties for refusing to participate in politics is that you end up being governed by your inferiors." Do you think?

So you believe that there is a 50% tax specifically for dinar and that our government is holding up the RV? really?... and this proclamation which was more or less washed together with GenX's disapproval of the passing of the ObamaCare bill doesn't seem suspicious. I agree with your quote, but I'm not sure where you saw anyone brainstorming as much as ranting, which I feel, seems like the motivation for the initial post.

It's bad enough that we have our occasional pumper in dinar rumor to pump dinar sales... now we're listening to rumors to pump people's political agendas.